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Saturday, January 14, 2012



Democrats through the Community Reinvestment Act (CRA) facilitated by Freddie Mac and Fannie Mae, were the vehicle that drove us into the wall of recession.  The CRA forced banks to provide home loans to unworthy customers.  Then "securitized" or rather sold the mortgages on the world market bundled with other stocks and funds.  (Thanks to Ben Bernanke, Barney Frank and Chris Dodd). The belief that home ownership is a right, is up there with health care is a right.  While both are something to be desired, if you don't work and save for these things (of course providing for those who are disabled or aged), why should the government be the provider.  In other words, if you don't get off your ass and work for the things you need how will you ever appreciate anything?  The CRA, held banks under the regulatory hammer of the Office of Thrift Supervision (OTS a misnomer if there ever was one) removing impediments to "low income borrowers".  Such as eliminating reporting requirements for federal loan in any credit report, while considering a borrowers creditworthiness.
Enter Occupy Wall Street.  This bunch of college educated children, stuffed with Marxist ideals with liberal arts majors and poli-sci minors.
This debacle can be securely laid at the feet of the Democrat party and RINO's.  I'm not pointing the finger exclusively at Democrats, a large number of Republicans knew about the coming recession wave, yet did nothing at all about it.  However President George W. Bush tried to reign in the Freddie and Fannie, but was thwarted by the Democrat controlled Congress.

The occupy bunch are dupes, squatters, leeches, and parasites.  I understand the frustration but the methodology is all wrong.  Defecating on police cars, rampant drug use and public nudity among other criminal activity  are not an expedient to their ends.  While there is seldom any intellect behind the rantings of the OWS bunch.  Other than the demand to receive that which they have not earned, occasionally there is a bright bulb among the dimness.  They are loose cannons all.  In the sense that they voted for Obama last time, and are likely to help elect another destructive president.

The Shell Game

Obama is an adroit politician.  He knows how to move the shells in this game.  Misdirection, payoffs and outright lies are his stock in trade.  He has brought Chicago style Union thuggery to the White House.  His lie about the unemployment numbers is huge.  Reporting at 8.2%, when in actuality it's closer to 12%, he and his labor reporting cronies chose not to include those who have given up looking and/or have exhausted their benefits.  And he's getting a pass by the main stream media....big surprise.  Another thing not being driven home is: General Electric's Chief Executive, Jeffrey Immelt, one of President Obama's advisers on U.S. job creation sending GE's X-ray business to Beijing.  Yeah, U.S. job creation.  Another lie.  This pile of lies is so huge as to be nearly unfathomable.  I'm just whittling at it.  It's my "hobby"...this love of America, and capitalism.  One I am passionate about.